Wanma Tech(SZ:300698)2024-09-06 08:39Group 1: Business Overview - Wanma Technology focuses on providing automated driving solutions that help automotive companies establish a data closed-loop capability, emphasizing the importance of data compliance and cloud integration [2]. - The company aims to create a toolchain product service rather than just focusing on the development of autonomous driving algorithms [2]. Group 2: Market Potential - The domestic vehicle networking market currently relies on 4G for 90% to 95% of its usage, with 5G still not mainstream; achieving a high-quality data closed-loop for autonomous driving is a significant market opportunity [3]. - The potential for market growth is substantial, as domestic automotive companies are just beginning to establish their computing power, aiming to achieve capabilities similar to Tesla's fleet of 100,000 vehicles [3]. Group 3: Collaborations and Partnerships - Recent discussions with NVIDIA focused on product collaboration, particularly around the AV 2.0 model, which incorporates more AI elements to reduce manual input [3]. - The partnership with NVIDIA is expected to enhance business capabilities, as NVIDIA has extensive connections with automotive clients, and both companies plan to engage with these clients for technical discussions and development [3]. Group 4: Industry Trends - Domestic automotive companies are exploring both self-research and outsourcing for autonomous driving solutions, with many preferring to maintain their own data sets for algorithm training to achieve differentiation [3]. - Leading companies in the industry, like Tesla, have established data closed-loop capabilities since 2017, which has significantly contributed to their algorithm training and maturity [3]. Group 5: Financial and Operational Insights - Wanma Technology has invested over 100 million yuan in projects in Changzhou and may consider further financing based on business progress [4]. - The company is currently negotiating partnerships with telecom operators to enhance their "end-cloud-edge" solutions, which are crucial for providing better services to automotive clients [4].